Astound Broadband

Common card · No. 348196

Astound Broadband is an American telecommunications holding company based in Princeton, New Jersey. It was formed on January 24, 2018, with the completion of the $2.36 billion purchase of Kirkland-based Wave Broadband by private-equity firm TPG Capital. TPG combined Wave with its existing combination of Princeton-based RCN Corporation and San Marcos-based Grande Communications, both of which were acquired on February 1, 2017, in a $2.25 billion deal; TPG bought RCN for $1.6 billion and Grande for $650 million. Initially, WTPG treated the Internet providers as a single, unnamed group, with each provider operating independently, with shared resources. TPG then expanded the unit with its purchase of Houston-based enTouch Systems on September 18, 2020, for an undisclosed sum. Less than two months later, Stonepeak Infrastructure Partners announced on November 1 that it would purchase the unit, by then named Astound after a previous name used by Wave in San Francisco, from TPG for $3.6 billion...

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